Sheets Smith Wealth Management Increased Paychex (PAYX) Position by $338000; Paradigm …

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Sheets Smith Wealth Management Increased Paychex (PAYX) Position by $338000; Paradigm …

Paychex, Inc. (NASDAQ:PAYX) Logo

Paradigm Asset Management Co Llc decreased its stake in Cigna Corp. (CI) by 23.91% based on its latest 2018Q4 regulatory filing with the SEC. Paradigm Asset Management Co Llc sold 3,300 shares as the company’s stock declined 22.57% while stock markets rallied. The institutional investor held 10,500 shares of the medical specialities company at the end of 2018Q4, valued at $1.99B, down from 13,800 at the end of the previous reported quarter. Paradigm Asset Management Co Llc who had been investing in Cigna Corp. for a number of months, seems to be less bullish one the $61.04B market cap company. The stock decreased 2.08% or $3.41 during the last trading session, reaching $160.6. About 3.59 million shares traded or 31.67% up from the average. Cigna Corporation (NYSE:CI) has declined 11.24% since April 15, 2018 and is downtrending. It has underperformed by 15.61% the S&P500. Some Historical CI News: 29/05/2018 – AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD ANZ.AX – EXPECTED TO GENERATE A GAIN ON SALE OF AROUND NZ$50 MLN; 03/05/2018 – Cigna Raises Outlook; 08/03/2018 – NCPA STATEMENT ON CIGNA’S BID TO BUY EXPRESS SCRIPTS; 07/03/2018 – U.S. HEALTH CARE SERVICES: BARCLAYS SAYS MOST POSITIVE ON MANAGED CARE SUBSECTOR DUE TO FAVORABLE OUTLOOK; 08/03/2018 – Cigna Deal Shows Being a Health Insurer Isn’t Enough Anymore; 08/03/2018 – EXPRESS SCRIPTS – CIGNA INTENDS TO FUND CASH PORTION OF DEAL THROUGH A COMBINATION OF CASH ON HAND, ASSUMED EXPRESS SCRIPTS DEBT AND NEW DEBT ISSUANCE; 30/04/2018 – Fidelity Health Care Services Cuts Cigna, Buys More Molina; 08/03/2018 – CIGNA CEO SEES DEMINIMIS OVERLAP WITH EXPRESS SCRIPTS: CNBC; 08/03/2018 – Steph Kukuljan: BREAKING – Express Scripts to be acquired by Cigna in $67B deal; 13/03/2018 – Cigna Enters Voice Control Space, Launching “Answers by Cigna” Skill for Amazon Alexa

Sheets Smith Wealth Management increased its stake in Paychex Inc (PAYX) by 21.1% based on its latest 2018Q4 regulatory filing with the SEC. Sheets Smith Wealth Management bought 5,200 shares as the company’s stock rose 7.97% with the market. The institutional investor held 29,840 shares of the consumer services company at the end of 2018Q4, valued at $1.94 million, up from 24,640 at the end of the previous reported quarter. Sheets Smith Wealth Management who had been investing in Paychex Inc for a number of months, seems to be bullish on the $29.53 billion market cap company. The stock increased 1.00% or $0.81 during the last trading session, reaching $82.16. About 1.01M shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 20.38% since April 15, 2018 and is uptrending. It has outperformed by 16.01% the S&P500. Some Historical PAYX News: 27/04/2018 – PAYCHEX BOOSTS QTRLY DIV BY 12%; 26/03/2018 – Paychex Sees FY18 Service Revenue Up About 2%; 26/03/2018 – Paychex 3Q Payroll Service Revenue $455M, Up 2%; 27/04/2018 – PAYCHEX BOOSTS QTR DIV TO 56C/SHR FROM 50C, EST. 50C; 30/04/2018 – Paychex Inc: Paychex Expands Board, Elects New Member Mon, 30 Apr 2018 15:50:13 +0000; 30/04/2018 – Paychex Board Votes to Expand to 11 Members, Appointed Pamela A. Joseph to Fill Position; 21/04/2018 – DJ Paychex Inc, Inst Holders, 1Q 2018 (PAYX); 06/03/2018 Paychex l IHS Markit Small Business Employment Watch: Small Business Job Growth and Wages Moderate in February; 29/05/2018 – The Paychex-IHS Markit small business jobs survey shows a slight increase in the rate of hiring for May; 26/03/2018 – PAYCHEX 3Q ADJ EPS 63C, EST. 63C

More notable recent Cigna Corporation (NYSE:CI) news were published by: 247Wallst.com which released: “5 Goldman Sachs Conviction List Stocks Have Gigantic Implied Upside – 24/7 Wall St.” on March 20, 2019, also Seekingalpha.com with their article: “PBMs grilled by Senate Committee on drug prices – Seeking Alpha” published on April 09, 2019, Seekingalpha.com published: “DOJ moves to strike down entire ACA – Seeking Alpha” on March 26, 2019. More interesting news about Cigna Corporation (NYSE:CI) were released by: Bizjournals.com and their article: “Humana, other insurers’ share prices drop after DOJ says ACA is unconstitutional – Louisville Business First” published on March 26, 2019 as well as Seekingalpha.com‘s news article titled: “Cigna and Express Scripts debut program capping patient insulin cost at $25/month – Seeking Alpha” with publication date: April 03, 2019.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on May, 2. They expect $3.71 earnings per share, down 9.73% or $0.40 from last year’s $4.11 per share. CI’s profit will be $1.41 billion for 10.82 P/E if the $3.71 EPS becomes a reality. After $2.46 actual earnings per share reported by Cigna Corporation for the previous quarter, Wall Street now forecasts 50.81% EPS growth.

Since November 2, 2018, it had 0 insider buys, and 3 sales for $5.16 million activity. ZOLLARS WILLIAM D had sold 201 shares worth $42,379. 21,189 shares were sold by Sadler Jason D, worth $4.51M.

Investors sentiment decreased to 0.06 in Q4 2018. Its down 0.92, from 0.98 in 2018Q3. It worsened, as 585 investors sold CI shares while 11 reduced holdings. 20 funds opened positions while 16 raised stakes. 1.15 million shares or 99.47% less from 217.73 million shares in 2018Q3 were reported. Moreover, Van Hulzen Asset Mngmt Ltd has 0.07% invested in Cigna Corporation (NYSE:CI). Greenwich Wealth Lc accumulated 14,777 shares or 0.56% of the stock. Cibc Ww Corp reported 0.69% in Cigna Corporation (NYSE:CI). Lifeplan Gru holds 2 shares. Founders Cap Mngmt Ltd Limited Liability Company accumulated 1,879 shares or 0.15% of the stock. Macquarie Gru invested in 0% or 6,000 shares. Icon Advisers Incorporated reported 66,242 shares. Nelson Roberts Inv Limited has invested 0.01% of its portfolio in Cigna Corporation (NYSE:CI). Boyer & Corporon Wealth Mgmt Ltd has invested 1.36% in Cigna Corporation (NYSE:CI). Aperio Grp Inc holds 3,800 shares. Essex Fincl Services Inc has 6,371 shares for 0.37% of their portfolio. Sky Invest Gp Ltd Liability accumulated 0.45% or 5,610 shares. Hikari Limited stated it has 0.61% in Cigna Corporation (NYSE:CI). Johnson Counsel Inc, Ohio-based fund reported 6,076 shares. Paradigm Asset Lc accumulated 10,500 shares.

Paradigm Asset Management Co Llc, which manages about $309.77B US Long portfolio, upped its stake in Teradyne Inc. (NYSE:TER) by 700 shares to 1,400 shares, valued at $43.93M in 2018Q4, according to the filing. It also increased its holding in Peoples United Fincl (NASDAQ:PBCT) by 800 shares in the quarter, for a total of 37,800 shares, and has risen its stake in Cullen Frost Bankers (NYSE:CFR).

Since October 23, 2018, it had 2 insider purchases, and 5 insider sales for $6.23 million activity. Shares for $129,900 were bought by DOODY JOSEPH. MUCCI MARTIN also sold $3.62 million worth of Paychex, Inc. (NASDAQ:PAYX) shares.

More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in CNH Industrial NV, Valero Energy, Paychex, TriMas, Euronet Worldwide, and CytomX Therapeutics — Emerging Consolidated Expectations, Analyst Ratings – GlobeNewswire” on April 15, 2019, also Prnewswire.com with their article: “Paychex Wins Third-Straight Stevie® Award for Customer Service – PRNewswire” published on March 20, 2019, Nasdaq.com published: “Paychex’s Balancing Acts Catalyze Its Rising Stock Price – Nasdaq” on April 03, 2019. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Benzinga.com and their article: “Guggenheim: Paychex (NASDAQ:PAYX) Guidance Suggests 2020 Growth Will Be Driven By Oasis Business – Benzinga” published on March 28, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Apple Makes Its Video-Streaming Move – Seeking Alpha” with publication date: March 23, 2019.

Cigna Corporation (NYSE:CI) Institutional Positions Chart


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Published at Mon, 15 Apr 2019 12:56:15 +0000